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Transcript
KEY INVESTOR INFORMATION This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Unless otherwise defined in this document, all words and expressions defined in the Fund’s current Prospectus shall have the same meaning herein. GAM Star Balanced (the “Fund”) a sub-fund of GAM Star Fund plc. Class C EUR Accumulation (the “Share Class”) ISIN: IE00B5SQTM95 Manager: GAM Fund Management Limited part of GAM Group AG. Objectives and Investment Policy The investment objective of the Fund is to seek to achieve an attractive return on capital while simultaneously attempting to limit the risk of capital loss. The Fund seeks to achieve this objective by investment primarily in open ended collective investment schemes which gain exposure to equities (e.g. shares), Fixed Income Securities (with no restriction on the minimum credit rating), property, commodities and currencies. It is intended that the Fund will maintain a balanced exposure to equities, Fixed Income Securities, property, commodities and currencies; however the Fund may gain exposure of up to 85% of net assets to equities. Macro considerations will be used in determining the allocation of investments in order to achieve the Fund’s investment objective. Shares in the Fund can be bought and sold daily (every Business Day of the Fund). The fund manager has discretion in managing the investments of the Fund. Any income arising from this Share Class will be accumulated. Other share classes of the Fund may distribute income. The Fund will only use a limited number of simple derivative instruments for non-complex investment purposes and/or efficient portfolio management purposes. Although the use of derivatives may give rise to an additional exposure any such additional exposure will not exceed its Net Asset Value. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. Risk and Reward Profile Lower risk Higher risk Typically lower rewards 1 2 3 Typically higher rewards 4 5 6 7 The risk indicator is based on the volatility of the Fund’s performance over the last 5 years. Where 5 years’ performance history is not available the data is supplemented by proxy fund, benchmark data or a simulated historical series as appropriate. This profile is determined using historical data, as such may not be a reliable indication for the future risk profile. It is not guaranteed and may shift over time. The lowest category does not mean ‘risk free’. The Fund does not offer any capital guarantee or assurance that the investor will receive a fixed amount when redeeming. Further risks that may have a significant effect on the net asset value of the Fund include: Liquidity risk is the risk that a given security cannot be traded quickly enough in the market to prevent a loss, or make a profit. Currency risk is the risk that the assets of the Fund are not fully hedged to the currency the investor will receive at redemption. The Prospectus and Supplement for this Fund give you more details about all the risks for the Fund – see under “Practical Information” for how to obtain a copy. Charges for this Share Class The charges you pay are used to pay the costs of running the Share Class, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Entry charge Up to 5% Exit charge Nil Switching charge Up to 0.5% This is the maximum that might be taken out of your money before it is invested/before the proceeds of your investment are paid out. Charges taken from the Share Class over a year Ongoing charges 2.33% Charges taken from the Share Class under certain specific conditions Performance fee None The entry, exit and switching charges shown are maximum figures. In some cases you might pay less – you can find this out from your financial adviser. The ongoing charges figure is an estimate. This figure may vary from year to year. It excludes bank interest, portfolio transaction costs and any performance fees if applicable. For more information about charges, please see the “Fees and Expenses” section of the Prospectus and the “Fees” section of the Fund Supplement, which are available at www.gam.com Past Performance There is insufficient data for this Share Class to provide a useful indication of past performance. Please note that past performance is not necessarily a guide to the future performance of the Fund. The data is net of tax and charges and is exclusive of subscription and redemption fees, as any subscription and redemption fees are not received by the Fund. The Fund launched in 2011. Practical Information The custodian of the Fund is J.P. Morgan Bank (Ireland) plc. Should you require further information on this Fund, the Share Class or other share classes of the Fund, you may visit GAM’s website (www.gam.com) to obtain the current Prospectus and Fund Supplement and the most recent annual and any subsequent half-yearly reports and accounts. The documents referred to shall be provided free of charge in English on request. This Key Investor Information Document is specific to the Share Class but is considered representative of all other Selling Agent share classes for this Fund. Information relating to these share classes is available in the Prospectus and Fund Supplement. The Net Asset Value of the Fund is calculated in GBP and will be available from GAM Fund Management Limited, on www.gam.com and is also available from the Irish Stock Exchange. The Fund is subject to the tax laws and regulations of Ireland. Depending on your home country of residence, this might have an impact on your investment. For further details, please speak to an adviser. The Directors of GAM Star Fund plc may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus and Supplement for the Fund. Subject to the conditions set down in the Prospectus, you are entitled to switch from one share class to another, either in the Fund or in another sub-fund of GAM Star Fund plc. Please refer to the Prospectus and the Fund Supplement for further information on how to switch. This Fund is a sub-fund of GAM Star Fund plc, an umbrella fund with segregated liability between sub-funds. You can find out more information about the umbrella fund in the Prospectus. The Prospectus and periodic reports are prepared in the name of GAM Star Fund plc. This Fund is authorised in Ireland and regulated by the Central Bank of Ireland. GAM Fund Management Limited is authorised in Ireland and is also regulated by the Central Bank of Ireland. This key investor information is accurate as at 2 October 2012. CETEA/02/Sep12/ENG